AudioCodes Reports First Quarter 2024 Results
AudioCodes Ltd. - Ordinary Shares (AUDC)
Last audiocodes ltd. - ordinary shares earnings: 7/24 02:09 am
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US:NASDAQ Investor Relations:
audiocodes.com/investor-relations/investors-lobby
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Source: PR Newswire
LOD, Israel, May 7, 2024 /PRNewswire/ -- First Quarter HighlightsQuarterly revenues increased by 1.5% year-over-year to $60.1 million;Quarterly service revenues increased by 3.3% year-over-year to $31.5 million;GAAP results: - Quarterly GAAP gross margin was 64.4%;- Quarterly GAAP operating margin was 5.5%;- Quarterly GAAP net income was $2.1 million, or $0.07 per diluted share.Non-GAAP results:- Quarterly Non-GAAP gross margin was 65.2%;- Quarterly Non-GAAP operating margin was 10.5%;- Quarterly Non-GAAP net income was $5.2 million, or $0.17 per diluted share.Net cash provided by operating activities was $15.0 million for the quarter.AudioCodes declared a cash dividend of 18 cents per share. The dividend, in the aggregate amount of $5.5 million, was paid on March 6, 2024 to shareholders of record on February 20, 2024.AudioCodes repurchased 301,937 of its ordinary shares during the quarter at an aggregate cost of $3.6 million. DetailsAudioCodes (NASDAQ: AUDC), a leading ve
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AUDC
News
- AudioCodes Ranked as Leading Global Enterprise SBC Vendor in 2023 by Omdia [Yahoo! Finance]Yahoo! Finance
- AudioCodes Ranked as Leading Global Enterprise SBC Vendor in 2023 by OmdiaPR Newswire
- AudioCodes Ltd. (NASDAQ: AUDC) had its price target lowered by analysts at Needham & Company LLC from $18.00 to $14.00. They now have a "buy" rating on the stock.MarketBeat
- AudioCodes Ltd. (NASDAQ: AUDC) had its price target lowered by analysts at Barclays PLC from $12.00 to $10.00. They now have an "underweight" rating on the stock.MarketBeat
- AudioCodes Ltd. (NASDAQ:AUDC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
AUDC
Earnings
- 5/7/24 - Beat
AUDC
Sec Filings
- 5/7/24 - Form 6-K
- 4/26/24 - Form 144
- 4/26/24 - Form 144
- AUDC's page on the SEC website